GCC: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in GCC

The GCC market for in-hand motor grinders, sanders and planers surged to $X in 2021, with an increase of 56% against the previous year. The total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +68.5% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of In-Hand Motor Grinders, Sanders And Planers in GCC

In value terms, production of in-hand motor grinders, sanders and planers shrank markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 45% against the previous year. As a result, production attained the peak level of $X, and then declined significantly in the following year.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports in GCC

In 2021, exports of in-hand motor grinders, sanders and planers in GCC reduced rapidly to X units, shrinking by -21.8% on the year before. Over the period under review, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 77% against the previous year. As a result, the exports reached the peak of X units, and then fell significantly in the following year.

In value terms, exports of in-hand motor grinders, sanders and planers declined remarkably to $X in 2021. In general, exports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2017 with an increase of 113%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

The shipments of the one major exporters of in-hand motor grinders, sanders and planers, namely the United Arab Emirates, represented more than two-thirds of total export.

The United Arab Emirates was also the fastest-growing in terms of the in-hand motor grinders, sanders and planers exports, with a CAGR of +6.6% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest electromechanical tools for working in the hand, with self-contained electric motor supplier in GCC.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled +4.6%.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, with a decrease of -4.4% against the previous year. In general, the export price saw a mild slump. The most prominent rate of growth was recorded in 2017 when the export price increased by 39% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -1.9% per year.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports in GCC

For the fifth year in a row, GCC recorded growth in overseas purchases of in-hand motor grinders, sanders and planers, which increased by 52% to X units in 2021. In general, imports showed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers soared to $X in 2021. Total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.6% against 2019 indices. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates prevails in planers structure, amounting to X units, which was near 86% of total imports in 2021. It was distantly followed by Qatar (X units), generating a 5.9% share of total imports. Kuwait (X units), Bahrain (X units) and Oman (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +7.7% from 2012 to 2021. At the same time, Bahrain (+12.1%), Oman (+11.4%), Kuwait (+6.9%) and Qatar (+5.8%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +12.1% from 2012-2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported in-hand motor grinders, sanders and planers in GCC, comprising 67% of total imports. The second position in the ranking was held by Kuwait ($X), with a 4.7% share of total imports. It was followed by Qatar, with a 3.7% share.

In the United Arab Emirates, imports of in-hand motor grinders, sanders and planers remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+0.0% per year) and Qatar (-0.4% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, almost unchanged from the previous year. Over the period under review, the import price saw a abrupt contraction. The pace of growth was the most pronounced in 2014 an increase of 7%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Oman ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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